BPP’s 2022 Earnings Up 84% to THB5,739 Million, Offering THB0.30 Dividend Payout

Banpu Power Public Company Limited (SET: BPP) has announced its 2022 consolidated financial statement through the Stock Exchange of Thailand as follows;

Year 2022 2021
Net Profit (Loss)
Million Baht
5,739 3,127
Earning Per Share
1.883 1.026
% Change 84

In 2022, BPP recorded a net profit of THB 5,739 million, an increase of THB 2,612 million or 84% compared to 2021. This was mainly from higher revenue from the Temple I Gas-fired power plant in the USA that the group invested since the last quarter of 2021. Despite the company recognized loss from CHP power plant affected by higher coal cost, BPP recognized profit sharing from an associate resulting from gain on sales of investment in Sunseap, and also higher profit sharing from HPC power plant that operate efficiently, and from SLG power plant that increased in sales from both volume and tariff, due to starting power trading in power market and entering into a long-term coal supply contract at favorable price, lowering its coal cost significantly. 

Meanwhile, BPP also had higher finance costs from loan additions for new power plants investment during 2021 and debenture issuance during 2022.

BPP recorded an EBITDA of THB 9,124 million.

In addition, the Board of Directors approved a dividend payout of THB 0.30 per share to be paid on 26 April 2023. The ex-dividend date is 10 April 2023.